South Korean AI projects given some $150 million in new funding from extra budget

By Choonsik Yoo ( July 7, 2025, 07:48 GMT | Insight) -- South Korea’s parliament has approved the government’s supplementary budget bill that is mainly focused on spending to boost the economy but also includes about $150 million worth of fresh funding to support the development and use of artificial intelligence, according to three ministries. While President Lee Jae Myung promised to sharply increase spending on AI before being inaugurated in early June, the latest spending bill was focused heavily on stimulating the overall economy.South Korea’s parliament has approved the government’s supplementary budget bill that is mainly focused on spending to boost the economy but also includes about $150 million worth of fresh funding to support the development and use of artificial intelligence, according to three ministries....

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South Korean AI projects given some $150 million in new funding from extra budget

Prepare for tomorrow’s regulatory change, today

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